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Juan Felipe
Juan is a young, energetic, and vigorous 26-year-old man. He was born into a humble farming family where he learned to perform all kinds of field work. Thanks to this, today he has his own crops of blackberry, onion, cilantro, and other products, which are harvested and then sold in the town market. This way he is able to generate sufficient means to cover his family expenses.

The loan he is requesting is for the purchase of bulk farming supplies (irrigation, compost, pesticides, fertilizers) to strengthen his crops and get a much more productive harvest so he can increase revenue when selling his products.

Juan dreams of having a large plot with various crops to guarantee economic stability so that he and his wife can enjoy a better quality of life.
View original language description ↓
Juan es un hombre joven, enérgico y pujante de 26 años de edad, nacido en el seno de una humilde familia campesina, en la que aprendió a realizar todas las labores del campo; gracias a ello, hoy en día posee sus propios cultivos de mora, cebolla, cilantro y otros productos, cuyas cosechas son recolectadas y vendidas en el mercado del municipio, así genera los recursos suficientes para solventar los gastos de su familia.
El crédito que solicita es un apoyo para la compra de insumos agrícolas al por mayor (riegos, abonos, pesticidas, fertilizantes), con los que podrá fortalecer sus cultivos y así sacar una cosecha mucho más productiva que le permita aumentar los ingresos a la hora de vender los productos.
Juan sueña con tener una gran parcela, con cultivos de diversos productos que le garanticen una estabilidad económica para disfrutar con su esposa de una mejor calidad de vida.

Additional Information

More information about this loan


By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

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About Colombia

  • $6,070
    Average annual income
  • 139
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,966.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,025 helped Juan Felipe to buy bulk farming supplies (irrigation, compost, pesticides, fertilizers).
47% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2014
Listed
Apr 14, 2014
Currency Exchange Loss:
Possible